New listings on the A-share market in China experienced steady development in the first quarter, with manufacturing companies making up 70 percent of newly listed firms that grew by 20 percent year on year.
According to Deloitte China, 27 new stocks were listed on the A-share market in the first quarter, raising a total of 16.3 billion yuan (about 2.24 billion U.S. dollars).
The Shenzhen Stock Exchange led with 15 new listings, raising 8.8 billion yuan (about 1.21 billion U.S. dollars), the highest among the three major exchanges.
The manufacturing sector saw the most growth, reflecting the country's support for the transformation and upgrading of the industry.
"In the first quarter, the A-share market saw steady development in terms of initial public offerings (IPO) speed and capital raised. The manufacturing sector's growth stands out, which shows the government's support for the sector's transformation and upgrade. By utilizing the capital market for direct financing, these companies have the opportunity to raise more funds for long-term technological improvements and capacity expansion, laying a solid foundation for their future growth," said Wang Kai, chief strategy analyst at Guosen Securities.
The China Securities Regulatory Commission (CSRC) stated that this year, the government will continue to strengthen support for sci-tech innovation and the development of new quality productive forces.
It will back high-quality sci-tech companies that are not yet profitable in their IPOs to better promote the integrated development of scientific and technological innovation with industrial innovation.
Manufacturing sector leads new listings on China's A-share market in Q1
Manufacturing sector leads new listings on China's A-share market in Q1
European industrial leaders and exhibitors at the ongoing Bauma 2025 in Munich voiced mounting concerns over the latest U.S. tariff policies, warning that they could disrupt global supply chains and undermine strategic cooperation.
During the week-long world’s leading trade fair for construction machinery, many industrial insiders pointed out that the newly expanded tariffs encompass an extensive range of products and come with a sharp hike in rates, which are likely to disrupt market dynamics and supply chain resilience in the global engineering machinery industry.
Many analysts believe that the geopolitical considerations behind these policies have become increasingly prominent, further intensifying the strategic uncertainties that European enterprises face in the global market.
"I believe that these tariffs are not good for the market, because at the end it will be bad not only for Europe but also for the State in the long period. I believe that the market should be regulated by innovation, by a nice competition and with competition that is based on the technological race, not with an artificial thing that is coming in the market and is creating problem for all the Europe," said Claudio Ancetti, an Italian expert on construction machinery industry.
The United States market accounts for roughly 10 to 13 percent of Germany’s total exports in recent years, and is one of the largest single export markets for Germany's construction machinery industry. Therefore, the impact of changes in tariff policies on the entire industry is obvious.
Germany's mechanical engineering industry association VDMA has issued a warning, stating that the extensive punitive tariffs imposed by the Trump administration will cause serious damage on both sides of the Atlantic. Not only will they fail to solve the bilateral trade issues, but they will also trigger a spiral confrontation of mutual barriers.
Furthermore, the U.S. manufacturing industry, in several key technological fields, still highly relies on the supply of mechanical equipment from Europe, especially Germany. For decades, German and European machinery manufacturers have been important partners of the U.S. industrial system, but now, this cooperative chain is facing the risk of being artificially severed.
The damage will not only hit European exporters hard but also seriously impede the process of industrial transformation and upgrading in the United States itself.
"The U.S. tariff policies will certainly cause many destructive impacts. It's not a good thing for people. But we are not directly affected. The victims are the U.S. customers. They have to pay these tariffs and additional fees," said Andreas Diener, a German construction machinery supplier.
Industry insiders also noted that tariffs have shifted from being just a basic trade instrument to becoming an important variable in shaping corporate strategy within today’s highly interconnected global industrial chain.
In addition to calling on major economies to return to rationality and enhance multilateral coordination, the companies are attempting to find stable development anchor points amid the uncertainties of the geo-economic situation by accelerating the adjustment of supply chain layout and deepening cross-regional cooperation.
US tariffs threaten transatlantic supply chains: European industry insiders
US tariffs threaten transatlantic supply chains: European industry insiders
